Rupert Murdoch talks up internet

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News Corp chairman Rupert Murdoch said the internet was the best
example of global media as television broadcasting relied more on
locals who created their own programming.

"The global media is on the internet," Mr Murdoch told a panel
about managing media companies in a globalised world at the Clinton
Global Initiative conference in New York on Friday.

Mr Murdoch, 74, has spent $US1.3 billion ($A1.7 billion) on
three internet acquisitions since July to add businesses including
websites for video-game fans to News Corp's businesses, which
include Fox News cable network and publishing assets on three
continents.

The panel included Mr Murdoch's rival Richard Parsons, 57, head
of Time Warner and the debate was moderated by former US president
Bill Clinton.

Time Warner's CNN was the "best positioned global news media"
with correspondents to cover stories around the world, Mr Parsons
said.

Fox News, which began in 1996, overtook CNN in 2002 as the
most-watched channel.